State with resons whether you agree or disagree with the following sta

1.	State with resons whether you agree or disagree with the following statements.The supply curve has a positive slope.. OR The supply curve slopes upwards from left to right. OR The relationship between price and supply is positive. OR There is direct relation between price and quantity supplied.
Answer» Yes, I agree with this statement. OR The supply curve slopes downward from left to right. No, I do not agree with this statement. According to the Law of Supply “Other things remaining constant supply varies directly with price i.e., more quantity will be offered for sale at a higher price and less at a lower price. So there is a positive relationship between price and supply.” S = f(P) The supply curve which is a graphical representation of supply schedule slopes upward from left to right indicating a positive slope. In order to earn reasonable profit, the sellers try to sell more at higher prices and less at lower prices. The sellers earn more profit when market price is greater than their reservation price. Thus, the above statement is true.

State with resons whether you agree or disagree with the following statements.The supply curve has a positive slope.. OR The supply curve slopes upwards from left to right. OR The relationship between price and supply is positive. OR There is direct relation between price and quantity supplied.

Answer»

Yes, I agree with this statement.

The supply curve slopes downward from left to right.

No, I do not agree with this statement.

According to the Law of Supply “Other things remaining constant supply varies directly with price i.e., more quantity will be offered for sale at a higher price and less at a lower price. So there is a positive relationship between price and supply.”
S = f(P)
The supply curve which is a graphical representation of supply schedule slopes upward from left to right indicating a positive slope.
In order to earn reasonable profit, the sellers try to sell more at higher prices and less at lower prices.
The sellers earn more profit when market price is greater than their reservation price.
Thus, the above statement is true.